View ValuationImerys 将来の成長Future 基準チェック /36Imerys利益と収益がそれぞれ年間86.3%と3%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に6.2% 102.4%なると予測されています。主要情報86.3%収益成長率102.41%EPS成長率Basic Materials 収益成長20.8%収益成長率3.0%将来の株主資本利益率6.16%アナリストカバレッジGood最終更新日30 Apr 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesNew Risk • May 05New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Paying a dividend despite being loss-making.Reported Earnings • May 02First quarter 2026 earnings releasedFirst quarter 2026 results: EPS: €0.012. Revenue: €835.0m (down 4.1% from 1Q 2025). Net income: €1.00m (down 96% from 1Q 2025). Profit margin: 0.1% (down from 2.6% in 1Q 2025). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Basic Materials industry in the United Kingdom.お知らせ • Apr 13Imerys S.A. (ENXTPA:NK) announces an Equity Buyback for 400,000 shares, for €12 million.Imerys S.A. (ENXTPA:NK) announces an share repurchase program. Under the program, the company will repurchase up to 400,000 shares for €12 million. The program will vali till April 2027.お知らせ • Apr 11Imerys S.A. (ENXTPA : NK) entered into a binding agreement to acquire Great Lakes Minerals, LLC.Imerys S.A. (ENXTPA : NK) entered into a binding agreement to acquire Great Lakes Minerals, LLC on April 10, 2026. The transaction is subject to customary closing conditions and is expected to be completed in the first half of 2026.お知らせ • Apr 07Imerys S.A., Annual General Meeting, May 12, 2026Imerys S.A., Annual General Meeting, May 12, 2026. Location: 3 quai de grenelle, paris Franceお知らせ • Mar 03+ 2 more updatesImerys S.A. to Report Q3, 2026 Results on Oct 29, 2026Imerys S.A. announced that they will report Q3, 2026 results at 6:00 PM, Central European Standard Time on Oct 29, 2026Declared Dividend • Mar 02Dividend reduced to €0.75Dividend of €0.75 is 48% lower than last year. Ex-date: 20th May 2026 Payment date: 22nd May 2026 Dividend yield will be 3.0%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (57% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.Buy Or Sell Opportunity • Feb 23Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 1.9% to €24.20. The fair value is estimated to be €19.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.1% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Feb 22Full year 2025 earnings released: €4.83 loss per share (vs €1.12 loss in FY 2024)Full year 2025 results: €4.83 loss per share (further deteriorated from €1.12 loss in FY 2024). Revenue: €3.38b (down 6.1% from FY 2024). Net loss: €408.8m (loss widened 330% from FY 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.お知らせ • Feb 21Imerys S.A. announces Annual dividend, payable on May 22, 2026Imerys S.A. announced Annual dividend of EUR 0.7500 per share payable on May 22, 2026, ex-date on May 20, 2026 and record date on May 21, 2026.Reported Earnings • Nov 02Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: €827.0m (down 3.3% from 3Q 2024). Net income: €39.0m (up €324.0m from 3Q 2024). Profit margin: 4.7% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.Reported Earnings • Jul 30Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €885.6m (down 11% from 2Q 2024). Net income: €47.5m (down 35% from 2Q 2024). Profit margin: 5.4% (down from 7.3% in 2Q 2024). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.お知らせ • Jul 30Imerys S.A. to Report Fiscal Year 2025 Results on Feb 19, 2026Imerys S.A. announced that they will report fiscal year 2025 results on Feb 19, 2026Board Change • Jun 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. Independent Director Stephanie Besnier was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • May 13Upcoming dividend of €1.45 per shareEligible shareholders must have bought the stock before 20 May 2025. Payment date: 22 May 2025. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 4.7%. Lower than top quartile of British dividend payers (5.8%). Higher than average of industry peers (3.4%).Reported Earnings • Apr 30First quarter 2025 earnings releasedFirst quarter 2025 results: EPS: €0.27. Revenue: €871.0m (down 5.9% from 1Q 2024). Net income: €23.0m (down 67% from 1Q 2024). Profit margin: 2.6% (down from 7.5% in 1Q 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Basic Materials industry in the United Kingdom.お知らせ • Apr 05Imerys S.A., Annual General Meeting, May 13, 2025Imerys S.A., Annual General Meeting, May 13, 2025. Location: new cap event center, 3 quai de grenelle, paris FranceDeclared Dividend • Mar 03Dividend increased to €1.45Dividend of €1.45 is 7.4% higher than last year. Ex-date: 20th May 2025 Payment date: 22nd May 2025 Dividend yield will be 4.7%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (107% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.お知らせ • Feb 25Imerys S.A. announces Annual dividend, payable on May 22, 2025Imerys S.A. announced Annual dividend of EUR 1.4500 per share payable on May 22, 2025, ex-date on May 20, 2025 and record date on May 21, 2025.Reported Earnings • Feb 22Full year 2024 earnings releasedFull year 2024 results: Revenue: €3.60b (down 5.0% from FY 2023). Net loss: €95.0m (down €102.6m from profit in FY 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Basic Materials industry in the United Kingdom.お知らせ • Feb 14+ 3 more updatesImerys S.A. to Report Fiscal Year 2024 Results on Feb 20, 2025Imerys S.A. announced that they will report fiscal year 2024 results on Feb 20, 2025Reported Earnings • Nov 01Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: €855.0m (down 6.9% from 3Q 2023). Net loss: €285.0m (down €323.0m from profit in 3Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Oct 01Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to €29.83. The fair value is estimated to be €38.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years. Earnings per share has declined by 24%. Revenue is forecast to grow by 1.0% in 2 years. Earnings are forecast to grow by 560% in the next 2 years.Buy Or Sell Opportunity • Sep 06Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 23% to €29.18. The fair value is estimated to be €36.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years. Earnings per share has declined by 24%. Revenue is forecast to grow by 1.0% in 2 years. Earnings are forecast to grow by 558% in the next 2 years.Buy Or Sell Opportunity • Aug 05Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to €30.04. The fair value is estimated to be €37.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years. Earnings per share has declined by 24%. Revenue is forecast to grow by 1.0% in 2 years. Earnings are forecast to grow by 558% in the next 2 years.Reported Earnings • Jul 30Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €992.6m (flat on 2Q 2023). Net income: €72.7m (up 86% from 2Q 2023). Profit margin: 7.3% (up from 4.0% in 2Q 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Basic Materials industry in the United Kingdom.Upcoming Dividend • May 14Upcoming dividend of €1.35 per shareEligible shareholders must have bought the stock before 21 May 2024. Payment date: 23 May 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.9%. Lower than top quartile of British dividend payers (5.7%). In line with average of industry peers (4.0%).お知らせ • May 01+ 1 more updateImerys S.A. to Report Q2, 2024 Results on Jul 29, 2024Imerys S.A. announced that they will report Q2, 2024 results on Jul 29, 2024Reported Earnings • May 01First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.82. Revenue: €926.0m (down 7.1% from 1Q 2023). Net income: €69.0m (up 11% from 1Q 2023). Profit margin: 7.5% (up from 6.2% in 1Q 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 12% per year.お知らせ • Mar 30Imerys Enters into Exclusive Negotiations for the Sale of its Assets Serving the Paper MarketImerys S.A. (ENXTPA:NK) announced that it has entered into exclusive negotiations with Flacks Group for the contemplated divestment of its assets serving the paper market. The completion of the contemplated transaction is subject to the fulfillment of customary conditions for this type of transactions, including regulatory approvals and relevant work council consultations. The transaction is expected to be completed in the course of 2024. These activities are operated by approximately 900 employees in 24 plants in the Americas and Asia, as well as certain locations in Europe.Buy Or Sell Opportunity • Mar 03Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to €29.70. The fair value is estimated to be €24.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 45% per annum over the same time period.New Risk • Feb 22New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 52% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (52% net debt to equity). Dividend is not well covered by earnings (101% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin).Reported Earnings • Feb 22Full year 2023 earnings released: EPS: €0.076 (vs €2.04 in FY 2022)Full year 2023 results: EPS: €0.076 (down from €2.04 in FY 2022). Revenue: €3.79b (down 11% from FY 2022). Net income: €6.40m (down 96% from FY 2022). Profit margin: 0.2% (down from 4.0% in FY 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Feb 16Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to €31.65. The fair value is estimated to be €25.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 2.5% in 2 years. Earnings are forecast to grow by 59% in the next 2 years.お知らせ • Feb 01Mytilineos S.A. (ATSE:MYTIL) acquired IMERYS Greece Bauxite from Imerys S.A. (ENXTPA:NK).Mytilineos S.A. (ATSE:MYTIL) signed an agreement to acquire IMERYS Greece Bauxite from Imerys S.A. (ENXTPA:NK) for €10 million on September 5, 2023. The consideration of €10 million will be paid Upon completion of the transaction. With this agreement, M Metals is significantly strengthened, as the bauxite production capacity of the mining activity already available to MYTILINEOS through DelphiDistomon, whose annual production amounts to 570,000 tons of bauxite, is increased. The Transaction is subject to approval from the Hellenic Competition Commission.Mytilineos S.A. (ATSE:MYTIL) completed the acquisition of IMERYS Greece Bauxite from Imerys S.A. (ENXTPA:NK) on February 1, 2024.Valuation Update With 7 Day Price Move • Jan 25Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €31.10, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Basic Materials industry in the United Kingdom. Total loss to shareholders of 3.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €23.45 per share.Buy Or Sell Opportunity • Jan 25Now 33% overvalued after recent price riseOver the last 90 days, the stock has risen 28% to €31.10. The fair value is estimated to be €23.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 2.5% in 2 years. Earnings are forecast to grow by 59% in the next 2 years.お知らせ • Dec 22+ 1 more updateImerys S.A. to Report Q1, 2024 Results on Apr 30, 2024Imerys S.A. announced that they will report Q1, 2024 results on Apr 30, 2024お知らせ • Oct 31Imerys S.A. to Report Fiscal Year 2023 Results on Feb 21, 2024Imerys S.A. announced that they will report fiscal year 2023 results on Feb 21, 2024お知らせ • Sep 05Mytilineos S.A. (ATSE:MYTIL) signed an agreement to acquire IMERYS Greece Bauxite from Imerys S.A. (ENXTPA:NK) for €10 million.Mytilineos S.A. (ATSE:MYTIL) signed an agreement to acquire IMERYS Greece Bauxite from Imerys S.A. (ENXTPA:NK) for €10 million on September 5, 2023. The consideration of €10 million will be paid Upon completion of the transaction. With this agreement, M Metals is significantly strengthened, as the bauxite production capacity of the mining activity already available to MYTILINEOS through DelphiDistomon, whose annual production amounts to 570,000 tons of bauxite, is increased. The Transaction is subject to approval from the Hellenic Competition Commission.お知らせ • Aug 31Mytilineos is in Advanced Negotiations to Acquire Imerys Bauxite GreeceMytilineos S.A. (ATSE:MYTIL) said it is in advanced negotiations with Imerys S.A. (ENXTPA:NK) about the acquisition of Imerys Bauxite Greece. The company said negotiations have not yet been concluded.New Risk • Jul 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.1% Last year net profit margin: 6.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.1% net profit margin).Reported Earnings • Jul 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €985.4m (down 27% from 2Q 2022). Net income: €39.1m (down 67% from 2Q 2022). Profit margin: 4.0% (down from 8.8% in 2Q 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 08Upcoming dividend of €3.85 per share at 4.3% yieldEligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (2.9%).Reported Earnings • May 03First quarter 2023 earnings released: EPS: €0.73 (vs €0.86 in 1Q 2022)First quarter 2023 results: EPS: €0.73 (down from €0.86 in 1Q 2022). Revenue: €997.0m (down 18% from 1Q 2022). Net income: €62.0m (down 15% from 1Q 2022). Profit margin: 6.2% (up from 6.0% in 1Q 2022). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 21Full year 2022 earnings released: EPS: €1.89 (vs €2.84 in FY 2021)Full year 2022 results: EPS: €1.89 (down from €2.84 in FY 2021). Revenue: €4.28b (down 2.3% from FY 2021). Net income: €159.9m (down 33% from FY 2021). Profit margin: 3.7% (down from 5.5% in FY 2021). Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in the United Kingdom are expected to grow by 3.4%. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 17+ 1 more updateImerys S.A. to Report Q3, 2023 Results on Oct 30, 2023Imerys S.A. announced that they will report Q3, 2023 results on Oct 30, 2023お知らせ • Feb 02Platinum Equity, LLC acquired High Temperature Solutions Business of Imerys S.A. from Imerys S.A. (ENXTPA:NK) in a transaction valued at approximately €930 million.Platinum Equity, LLC acquired High Temperature Solutions Business of Imerys S.A. from Imerys S.A. (ENXTPA:NK) in a transaction valued at approximately €930 million on January 31, 2023. As of December 31, 2022, High Temperature Solutions generated revenues of €981 million and has 36 industrial sites in 16 countries. Kirkland & Ellis LLP and Willkie Farr & Gallagher LLP provided legal counsel to Platinum Equity on the transaction. Platinum Equity, LLC completed the acquisition of High Temperature Solutions Business of Imerys S.A. from Imerys S.A. (ENXTPA:NK) on January 31, 2023.Board Change • Nov 16High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Director Bernard-Pierre Delpit was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 03Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: €1.12b (up 1.1% from 3Q 2021). Net loss: €23.0m (down 131% from profit in 3Q 2021). Revenue is expected to decline by 7.9% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in the United Kingdom are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 03Imerys S.A. to Report Fiscal Year 2022 Results on Feb 16, 2023Imerys S.A. announced that they will report fiscal year 2022 results on Feb 16, 2023Reported Earnings • Jul 31Second quarter 2022 earnings released: EPS: €1.41 (vs €0.82 in 2Q 2021)Second quarter 2022 results: EPS: €1.41 (up from €0.82 in 2Q 2021). Revenue: €1.35b (up 23% from 2Q 2021). Net income: €119.4m (up 71% from 2Q 2021). Profit margin: 8.8% (up from 6.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 2.0%, compared to a 4.2% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Board Change • May 14High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Director Laurent Raets was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • May 10Upcoming dividend of €1.55 per shareEligible shareholders must have bought the stock before 17 May 2022. Payment date: 19 May 2022. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of British dividend payers (4.9%). In line with average of industry peers (4.1%).Reported Earnings • May 01First quarter 2022 earnings released: EPS: €0.86 (vs €0.85 in 1Q 2021)First quarter 2022 results: EPS: €0.86 (up from €0.85 in 1Q 2021). Revenue: €1.21b (up 14% from 1Q 2021). Net income: €73.0m (up 1.4% from 1Q 2021). Profit margin: 6.0% (down from 6.8% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.2%, compared to a 21% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to €38.58, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Basic Materials industry in the United Kingdom. Total loss to shareholders of 10% over the past three years.Buying Opportunity • Feb 22Now 21% undervaluedOver the last 90 days, the stock is up 9.6%. The fair value is estimated to be €50.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.4% per annum over the last 3 years. The company has become profitable over the last 3 years.Reported Earnings • Feb 17Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €2.83 (up from €0.37 in FY 2020). Revenue: €4.38b (up 15% from FY 2020). Net income: €240.1m (up €210.0m from FY 2020). Profit margin: 5.5% (up from 0.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 2.9%, compared to a 21% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 04Third quarter 2021 earnings released: EPS €0.89 (vs €0.48 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €1.10b (up 21% from 3Q 2020). Net income: €74.0m (up 90% from 3Q 2020). Profit margin: 6.7% (up from 4.3% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 04Third quarter 2021 earnings released: EPS €0.89 (vs €0.48 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €1.10b (up 21% from 3Q 2020). Net income: €74.0m (up 90% from 3Q 2020). Profit margin: 6.7% (up from 4.3% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Reported Earnings • Jul 28Second quarter 2021 earnings released: EPS €0.82 (vs €0.16 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €1.10b (up 26% from 2Q 2020). Net income: €69.8m (up 454% from 2Q 2020). Profit margin: 6.3% (up from 1.4% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 06Upcoming dividend of €1.15 per shareEligible shareholders must have bought the stock before 13 May 2021. Payment date: 17 May 2021. Trailing yield: 2.6%. Lower than top quartile of British dividend payers (4.1%). Higher than average of industry peers (2.2%).Reported Earnings • May 02First quarter 2021 earnings released: EPS €0.85 (vs €0.56 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €1.06b (up 2.9% from 1Q 2020). Net income: €72.0m (up 64% from 1Q 2020). Profit margin: 6.8% (up from 4.3% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 17% per year.Is New 90 Day High Low • Mar 03New 90-day high: €45.08The company is up 22% from its price of €36.84 on 03 December 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €46.13 per share.Analyst Estimate Surprise Post Earnings • Feb 20Revenue beats expectationsRevenue exceeded analyst estimates by 0.9%. Over the next year, revenue is forecast to grow 8.0%, compared to a 6.0% growth forecast for the Basic Materials industry in the United Kingdom.Reported Earnings • Feb 20Full year 2020 earnings released: EPS €0.37 (vs €1.53 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €3.80b (down 13% from FY 2019). Net income: €30.1m (down 75% from FY 2019). Profit margin: 0.8% (down from 2.8% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Jan 04New 90-day high: €39.03The company is up 18% from its price of €33.08 on 06 October 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €65.07 per share.Is New 90 Day High Low • Dec 16New 90-day high: €37.82The company is up 10.0% from its price of €34.48 on 17 September 2020. The British market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €62.65 per share.Is New 90 Day High Low • Nov 25New 90-day high: €35.12The company is up 2.0% from its price of €34.36 on 26 August 2020. The British market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €38.74 per share.Valuation Update With 7 Day Price Move • Nov 13Market bids up stock over the past weekAfter last week's 15% share price gain to €31.89, the stock is trading at a trailing P/E ratio of 45.6x, up from the previous P/E ratio of 39.6x. This compares to an average P/E of 22x in the Basic Materials industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 51%.Valuation Update With 7 Day Price Move • Nov 10Market bids up stock over the past weekAfter last week's 16% share price gain to €31.68, the stock is trading at a trailing P/E ratio of 44.6x, up from the previous P/E ratio of 38.4x. This compares to an average P/E of 19x in the Basic Materials industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 53%.Analyst Estimate Surprise Post Earnings • Nov 02Revenue misses expectationsRevenue missed analyst estimates by 4.8%. Over the next year, revenue is forecast to grow 3.9%, compared to a 3.4% growth forecast for the Basic Materials industry in the United Kingdom.Is New 90 Day High Low • Oct 13New 90-day low: €29.96The company is down 2.0% from its price of €30.62 on 15 July 2020. The British market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.71 per share.業績と収益の成長予測LSE:0NPX - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20283,727199184N/A312/31/20273,505169142N/A612/31/20263,408124128N/A63/31/20263,348-431N/AN/AN/A12/31/20253,384-409129428N/A9/30/20253,415158N/AN/AN/A6/30/20253,443-166109441N/A3/31/20253,550-141N/AN/AN/A12/31/20243,605-95121478N/A9/30/20243,668-275N/AN/AN/A6/30/20243,73147175576N/A3/31/20243,72315N/AN/AN/A12/31/20233,7946222629N/A9/30/20233,924189N/AN/AN/A6/30/20234,122126120544N/A3/31/20234,266177N/AN/AN/A12/31/20224,28217362452N/A9/30/20224,904191N/AN/AN/A6/30/20223,648187145534N/A3/31/20224,535241N/AN/AN/A12/31/20213,665181182543N/A9/30/20214,249151N/AN/AN/A6/30/20214,057115233502N/A3/31/20213,82958N/AN/AN/A12/31/20203,79930284538N/A9/30/20203,82256N/AN/AN/A6/30/20203,99182304609N/A3/31/20204,25998N/AN/AN/A12/31/20194,355121N/A516N/A9/30/20194,485-35N/AN/AN/A6/30/20194,543-294N/A473N/A3/31/20194,584-235N/AN/AN/A12/31/20184,590-228N/A616N/A9/30/20184,3560N/AN/AN/A6/30/20184,545324N/A688N/A3/31/20184,693381N/AN/AN/A12/31/20174,299301N/A622N/A9/30/20174,432342N/AN/AN/A6/30/20174,133273N/A614N/A3/31/20174,240299N/AN/AN/A12/31/20164,165293N/A634N/A9/30/20164,12969N/AN/AN/A6/30/20164,12681N/A557N/A3/31/20164,15172N/AN/AN/A12/31/20154,08768N/A545N/A9/30/20153,991284N/AN/AN/A6/30/20153,908285N/A480N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 0NPXは今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 3.4% ) よりも高い成長率であると考えられます。収益対市場: 0NPX今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: 0NPX今後 3 年以内に収益を上げることが予想されます。収益対市場: 0NPXの収益 ( 3% ) UK市場 ( 4.4% ) よりも低い成長が予測されています。高い収益成長: 0NPXの収益 ( 3% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 0NPXの 自己資本利益率 は、3年後には低くなると予測されています ( 6.2 %)。成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/08 17:17終値2026/05/08 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Imerys S.A. 6 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。16 アナリスト機関Aron CeccarelliBerenbergSebastian BrayBerenbergAdrien TamagnoBerenberg13 その他のアナリストを表示
New Risk • May 05New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Paying a dividend despite being loss-making.
Reported Earnings • May 02First quarter 2026 earnings releasedFirst quarter 2026 results: EPS: €0.012. Revenue: €835.0m (down 4.1% from 1Q 2025). Net income: €1.00m (down 96% from 1Q 2025). Profit margin: 0.1% (down from 2.6% in 1Q 2025). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Basic Materials industry in the United Kingdom.
お知らせ • Apr 13Imerys S.A. (ENXTPA:NK) announces an Equity Buyback for 400,000 shares, for €12 million.Imerys S.A. (ENXTPA:NK) announces an share repurchase program. Under the program, the company will repurchase up to 400,000 shares for €12 million. The program will vali till April 2027.
お知らせ • Apr 11Imerys S.A. (ENXTPA : NK) entered into a binding agreement to acquire Great Lakes Minerals, LLC.Imerys S.A. (ENXTPA : NK) entered into a binding agreement to acquire Great Lakes Minerals, LLC on April 10, 2026. The transaction is subject to customary closing conditions and is expected to be completed in the first half of 2026.
お知らせ • Apr 07Imerys S.A., Annual General Meeting, May 12, 2026Imerys S.A., Annual General Meeting, May 12, 2026. Location: 3 quai de grenelle, paris France
お知らせ • Mar 03+ 2 more updatesImerys S.A. to Report Q3, 2026 Results on Oct 29, 2026Imerys S.A. announced that they will report Q3, 2026 results at 6:00 PM, Central European Standard Time on Oct 29, 2026
Declared Dividend • Mar 02Dividend reduced to €0.75Dividend of €0.75 is 48% lower than last year. Ex-date: 20th May 2026 Payment date: 22nd May 2026 Dividend yield will be 3.0%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (57% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.
Buy Or Sell Opportunity • Feb 23Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 1.9% to €24.20. The fair value is estimated to be €19.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.1% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Feb 22Full year 2025 earnings released: €4.83 loss per share (vs €1.12 loss in FY 2024)Full year 2025 results: €4.83 loss per share (further deteriorated from €1.12 loss in FY 2024). Revenue: €3.38b (down 6.1% from FY 2024). Net loss: €408.8m (loss widened 330% from FY 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 21Imerys S.A. announces Annual dividend, payable on May 22, 2026Imerys S.A. announced Annual dividend of EUR 0.7500 per share payable on May 22, 2026, ex-date on May 20, 2026 and record date on May 21, 2026.
Reported Earnings • Nov 02Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: €827.0m (down 3.3% from 3Q 2024). Net income: €39.0m (up €324.0m from 3Q 2024). Profit margin: 4.7% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.
Reported Earnings • Jul 30Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €885.6m (down 11% from 2Q 2024). Net income: €47.5m (down 35% from 2Q 2024). Profit margin: 5.4% (down from 7.3% in 2Q 2024). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
お知らせ • Jul 30Imerys S.A. to Report Fiscal Year 2025 Results on Feb 19, 2026Imerys S.A. announced that they will report fiscal year 2025 results on Feb 19, 2026
Board Change • Jun 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. Independent Director Stephanie Besnier was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • May 13Upcoming dividend of €1.45 per shareEligible shareholders must have bought the stock before 20 May 2025. Payment date: 22 May 2025. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 4.7%. Lower than top quartile of British dividend payers (5.8%). Higher than average of industry peers (3.4%).
Reported Earnings • Apr 30First quarter 2025 earnings releasedFirst quarter 2025 results: EPS: €0.27. Revenue: €871.0m (down 5.9% from 1Q 2024). Net income: €23.0m (down 67% from 1Q 2024). Profit margin: 2.6% (down from 7.5% in 1Q 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Basic Materials industry in the United Kingdom.
お知らせ • Apr 05Imerys S.A., Annual General Meeting, May 13, 2025Imerys S.A., Annual General Meeting, May 13, 2025. Location: new cap event center, 3 quai de grenelle, paris France
Declared Dividend • Mar 03Dividend increased to €1.45Dividend of €1.45 is 7.4% higher than last year. Ex-date: 20th May 2025 Payment date: 22nd May 2025 Dividend yield will be 4.7%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (107% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.
お知らせ • Feb 25Imerys S.A. announces Annual dividend, payable on May 22, 2025Imerys S.A. announced Annual dividend of EUR 1.4500 per share payable on May 22, 2025, ex-date on May 20, 2025 and record date on May 21, 2025.
Reported Earnings • Feb 22Full year 2024 earnings releasedFull year 2024 results: Revenue: €3.60b (down 5.0% from FY 2023). Net loss: €95.0m (down €102.6m from profit in FY 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Basic Materials industry in the United Kingdom.
お知らせ • Feb 14+ 3 more updatesImerys S.A. to Report Fiscal Year 2024 Results on Feb 20, 2025Imerys S.A. announced that they will report fiscal year 2024 results on Feb 20, 2025
Reported Earnings • Nov 01Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: €855.0m (down 6.9% from 3Q 2023). Net loss: €285.0m (down €323.0m from profit in 3Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Oct 01Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to €29.83. The fair value is estimated to be €38.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years. Earnings per share has declined by 24%. Revenue is forecast to grow by 1.0% in 2 years. Earnings are forecast to grow by 560% in the next 2 years.
Buy Or Sell Opportunity • Sep 06Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 23% to €29.18. The fair value is estimated to be €36.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years. Earnings per share has declined by 24%. Revenue is forecast to grow by 1.0% in 2 years. Earnings are forecast to grow by 558% in the next 2 years.
Buy Or Sell Opportunity • Aug 05Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to €30.04. The fair value is estimated to be €37.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years. Earnings per share has declined by 24%. Revenue is forecast to grow by 1.0% in 2 years. Earnings are forecast to grow by 558% in the next 2 years.
Reported Earnings • Jul 30Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €992.6m (flat on 2Q 2023). Net income: €72.7m (up 86% from 2Q 2023). Profit margin: 7.3% (up from 4.0% in 2Q 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Basic Materials industry in the United Kingdom.
Upcoming Dividend • May 14Upcoming dividend of €1.35 per shareEligible shareholders must have bought the stock before 21 May 2024. Payment date: 23 May 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.9%. Lower than top quartile of British dividend payers (5.7%). In line with average of industry peers (4.0%).
お知らせ • May 01+ 1 more updateImerys S.A. to Report Q2, 2024 Results on Jul 29, 2024Imerys S.A. announced that they will report Q2, 2024 results on Jul 29, 2024
Reported Earnings • May 01First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.82. Revenue: €926.0m (down 7.1% from 1Q 2023). Net income: €69.0m (up 11% from 1Q 2023). Profit margin: 7.5% (up from 6.2% in 1Q 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 12% per year.
お知らせ • Mar 30Imerys Enters into Exclusive Negotiations for the Sale of its Assets Serving the Paper MarketImerys S.A. (ENXTPA:NK) announced that it has entered into exclusive negotiations with Flacks Group for the contemplated divestment of its assets serving the paper market. The completion of the contemplated transaction is subject to the fulfillment of customary conditions for this type of transactions, including regulatory approvals and relevant work council consultations. The transaction is expected to be completed in the course of 2024. These activities are operated by approximately 900 employees in 24 plants in the Americas and Asia, as well as certain locations in Europe.
Buy Or Sell Opportunity • Mar 03Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to €29.70. The fair value is estimated to be €24.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 45% per annum over the same time period.
New Risk • Feb 22New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 52% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (52% net debt to equity). Dividend is not well covered by earnings (101% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin).
Reported Earnings • Feb 22Full year 2023 earnings released: EPS: €0.076 (vs €2.04 in FY 2022)Full year 2023 results: EPS: €0.076 (down from €2.04 in FY 2022). Revenue: €3.79b (down 11% from FY 2022). Net income: €6.40m (down 96% from FY 2022). Profit margin: 0.2% (down from 4.0% in FY 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Feb 16Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to €31.65. The fair value is estimated to be €25.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 2.5% in 2 years. Earnings are forecast to grow by 59% in the next 2 years.
お知らせ • Feb 01Mytilineos S.A. (ATSE:MYTIL) acquired IMERYS Greece Bauxite from Imerys S.A. (ENXTPA:NK).Mytilineos S.A. (ATSE:MYTIL) signed an agreement to acquire IMERYS Greece Bauxite from Imerys S.A. (ENXTPA:NK) for €10 million on September 5, 2023. The consideration of €10 million will be paid Upon completion of the transaction. With this agreement, M Metals is significantly strengthened, as the bauxite production capacity of the mining activity already available to MYTILINEOS through DelphiDistomon, whose annual production amounts to 570,000 tons of bauxite, is increased. The Transaction is subject to approval from the Hellenic Competition Commission.Mytilineos S.A. (ATSE:MYTIL) completed the acquisition of IMERYS Greece Bauxite from Imerys S.A. (ENXTPA:NK) on February 1, 2024.
Valuation Update With 7 Day Price Move • Jan 25Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €31.10, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Basic Materials industry in the United Kingdom. Total loss to shareholders of 3.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €23.45 per share.
Buy Or Sell Opportunity • Jan 25Now 33% overvalued after recent price riseOver the last 90 days, the stock has risen 28% to €31.10. The fair value is estimated to be €23.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 2.5% in 2 years. Earnings are forecast to grow by 59% in the next 2 years.
お知らせ • Dec 22+ 1 more updateImerys S.A. to Report Q1, 2024 Results on Apr 30, 2024Imerys S.A. announced that they will report Q1, 2024 results on Apr 30, 2024
お知らせ • Oct 31Imerys S.A. to Report Fiscal Year 2023 Results on Feb 21, 2024Imerys S.A. announced that they will report fiscal year 2023 results on Feb 21, 2024
お知らせ • Sep 05Mytilineos S.A. (ATSE:MYTIL) signed an agreement to acquire IMERYS Greece Bauxite from Imerys S.A. (ENXTPA:NK) for €10 million.Mytilineos S.A. (ATSE:MYTIL) signed an agreement to acquire IMERYS Greece Bauxite from Imerys S.A. (ENXTPA:NK) for €10 million on September 5, 2023. The consideration of €10 million will be paid Upon completion of the transaction. With this agreement, M Metals is significantly strengthened, as the bauxite production capacity of the mining activity already available to MYTILINEOS through DelphiDistomon, whose annual production amounts to 570,000 tons of bauxite, is increased. The Transaction is subject to approval from the Hellenic Competition Commission.
お知らせ • Aug 31Mytilineos is in Advanced Negotiations to Acquire Imerys Bauxite GreeceMytilineos S.A. (ATSE:MYTIL) said it is in advanced negotiations with Imerys S.A. (ENXTPA:NK) about the acquisition of Imerys Bauxite Greece. The company said negotiations have not yet been concluded.
New Risk • Jul 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.1% Last year net profit margin: 6.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.1% net profit margin).
Reported Earnings • Jul 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €985.4m (down 27% from 2Q 2022). Net income: €39.1m (down 67% from 2Q 2022). Profit margin: 4.0% (down from 8.8% in 2Q 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 08Upcoming dividend of €3.85 per share at 4.3% yieldEligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (2.9%).
Reported Earnings • May 03First quarter 2023 earnings released: EPS: €0.73 (vs €0.86 in 1Q 2022)First quarter 2023 results: EPS: €0.73 (down from €0.86 in 1Q 2022). Revenue: €997.0m (down 18% from 1Q 2022). Net income: €62.0m (down 15% from 1Q 2022). Profit margin: 6.2% (up from 6.0% in 1Q 2022). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 21Full year 2022 earnings released: EPS: €1.89 (vs €2.84 in FY 2021)Full year 2022 results: EPS: €1.89 (down from €2.84 in FY 2021). Revenue: €4.28b (down 2.3% from FY 2021). Net income: €159.9m (down 33% from FY 2021). Profit margin: 3.7% (down from 5.5% in FY 2021). Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in the United Kingdom are expected to grow by 3.4%. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 17+ 1 more updateImerys S.A. to Report Q3, 2023 Results on Oct 30, 2023Imerys S.A. announced that they will report Q3, 2023 results on Oct 30, 2023
お知らせ • Feb 02Platinum Equity, LLC acquired High Temperature Solutions Business of Imerys S.A. from Imerys S.A. (ENXTPA:NK) in a transaction valued at approximately €930 million.Platinum Equity, LLC acquired High Temperature Solutions Business of Imerys S.A. from Imerys S.A. (ENXTPA:NK) in a transaction valued at approximately €930 million on January 31, 2023. As of December 31, 2022, High Temperature Solutions generated revenues of €981 million and has 36 industrial sites in 16 countries. Kirkland & Ellis LLP and Willkie Farr & Gallagher LLP provided legal counsel to Platinum Equity on the transaction. Platinum Equity, LLC completed the acquisition of High Temperature Solutions Business of Imerys S.A. from Imerys S.A. (ENXTPA:NK) on January 31, 2023.
Board Change • Nov 16High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Director Bernard-Pierre Delpit was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 03Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: €1.12b (up 1.1% from 3Q 2021). Net loss: €23.0m (down 131% from profit in 3Q 2021). Revenue is expected to decline by 7.9% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in the United Kingdom are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 03Imerys S.A. to Report Fiscal Year 2022 Results on Feb 16, 2023Imerys S.A. announced that they will report fiscal year 2022 results on Feb 16, 2023
Reported Earnings • Jul 31Second quarter 2022 earnings released: EPS: €1.41 (vs €0.82 in 2Q 2021)Second quarter 2022 results: EPS: €1.41 (up from €0.82 in 2Q 2021). Revenue: €1.35b (up 23% from 2Q 2021). Net income: €119.4m (up 71% from 2Q 2021). Profit margin: 8.8% (up from 6.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 2.0%, compared to a 4.2% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Board Change • May 14High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Director Laurent Raets was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • May 10Upcoming dividend of €1.55 per shareEligible shareholders must have bought the stock before 17 May 2022. Payment date: 19 May 2022. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of British dividend payers (4.9%). In line with average of industry peers (4.1%).
Reported Earnings • May 01First quarter 2022 earnings released: EPS: €0.86 (vs €0.85 in 1Q 2021)First quarter 2022 results: EPS: €0.86 (up from €0.85 in 1Q 2021). Revenue: €1.21b (up 14% from 1Q 2021). Net income: €73.0m (up 1.4% from 1Q 2021). Profit margin: 6.0% (down from 6.8% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.2%, compared to a 21% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to €38.58, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Basic Materials industry in the United Kingdom. Total loss to shareholders of 10% over the past three years.
Buying Opportunity • Feb 22Now 21% undervaluedOver the last 90 days, the stock is up 9.6%. The fair value is estimated to be €50.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.4% per annum over the last 3 years. The company has become profitable over the last 3 years.
Reported Earnings • Feb 17Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €2.83 (up from €0.37 in FY 2020). Revenue: €4.38b (up 15% from FY 2020). Net income: €240.1m (up €210.0m from FY 2020). Profit margin: 5.5% (up from 0.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 2.9%, compared to a 21% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 04Third quarter 2021 earnings released: EPS €0.89 (vs €0.48 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €1.10b (up 21% from 3Q 2020). Net income: €74.0m (up 90% from 3Q 2020). Profit margin: 6.7% (up from 4.3% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 04Third quarter 2021 earnings released: EPS €0.89 (vs €0.48 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €1.10b (up 21% from 3Q 2020). Net income: €74.0m (up 90% from 3Q 2020). Profit margin: 6.7% (up from 4.3% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Reported Earnings • Jul 28Second quarter 2021 earnings released: EPS €0.82 (vs €0.16 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €1.10b (up 26% from 2Q 2020). Net income: €69.8m (up 454% from 2Q 2020). Profit margin: 6.3% (up from 1.4% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 06Upcoming dividend of €1.15 per shareEligible shareholders must have bought the stock before 13 May 2021. Payment date: 17 May 2021. Trailing yield: 2.6%. Lower than top quartile of British dividend payers (4.1%). Higher than average of industry peers (2.2%).
Reported Earnings • May 02First quarter 2021 earnings released: EPS €0.85 (vs €0.56 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €1.06b (up 2.9% from 1Q 2020). Net income: €72.0m (up 64% from 1Q 2020). Profit margin: 6.8% (up from 4.3% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 17% per year.
Is New 90 Day High Low • Mar 03New 90-day high: €45.08The company is up 22% from its price of €36.84 on 03 December 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €46.13 per share.
Analyst Estimate Surprise Post Earnings • Feb 20Revenue beats expectationsRevenue exceeded analyst estimates by 0.9%. Over the next year, revenue is forecast to grow 8.0%, compared to a 6.0% growth forecast for the Basic Materials industry in the United Kingdom.
Reported Earnings • Feb 20Full year 2020 earnings released: EPS €0.37 (vs €1.53 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €3.80b (down 13% from FY 2019). Net income: €30.1m (down 75% from FY 2019). Profit margin: 0.8% (down from 2.8% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Jan 04New 90-day high: €39.03The company is up 18% from its price of €33.08 on 06 October 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €65.07 per share.
Is New 90 Day High Low • Dec 16New 90-day high: €37.82The company is up 10.0% from its price of €34.48 on 17 September 2020. The British market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €62.65 per share.
Is New 90 Day High Low • Nov 25New 90-day high: €35.12The company is up 2.0% from its price of €34.36 on 26 August 2020. The British market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €38.74 per share.
Valuation Update With 7 Day Price Move • Nov 13Market bids up stock over the past weekAfter last week's 15% share price gain to €31.89, the stock is trading at a trailing P/E ratio of 45.6x, up from the previous P/E ratio of 39.6x. This compares to an average P/E of 22x in the Basic Materials industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 51%.
Valuation Update With 7 Day Price Move • Nov 10Market bids up stock over the past weekAfter last week's 16% share price gain to €31.68, the stock is trading at a trailing P/E ratio of 44.6x, up from the previous P/E ratio of 38.4x. This compares to an average P/E of 19x in the Basic Materials industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 53%.
Analyst Estimate Surprise Post Earnings • Nov 02Revenue misses expectationsRevenue missed analyst estimates by 4.8%. Over the next year, revenue is forecast to grow 3.9%, compared to a 3.4% growth forecast for the Basic Materials industry in the United Kingdom.
Is New 90 Day High Low • Oct 13New 90-day low: €29.96The company is down 2.0% from its price of €30.62 on 15 July 2020. The British market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.71 per share.